Shipbuilder Daewoo books first profit in years

Daewoo Shipbuilding & Marine Engineering, one of South Korea's three major shipbuilders, has presented a full-year profit for the first time in years.

Photo: /ritzau/AP/Kim Dong-min

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Trade war inches closer in US-China tariff clash

US President Donald Trump has signed a tariff on Chinese goods into force. According to the US president, China's trade surplus is "out of control." Restrictions on trade could trigger severe negative consequences for global trade, warns Maersk.

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